Scorpio Tankers announces time charter agreement

07 March 2013 09:59  [Source: ICIS news]

SINGAPORE (ICIS)--Vessel operator Scorpio Tankers has agreed to time charter a product tanker, according to a company statement late on Wednesday.

Time charter refers to a contract for the cargo space of a vessel for a specified period.

It did not mention whom it agreed the deal with.

The medium range (MR) product tanker will be time chartered for two years at $14,121/day (€10,873/day).

The company can choose to extend the charter for an additional year at $15,504/day.

The operator currently owns 13 tankers.

Scorpio Tankers distributes downstream products such as gasoline and fuel oil from refineries to end-users.

($1 = €0.77)

By: Muhamad Fadhil
+65 6780 4356

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